Steel Dynamics
STLD
807 hedge funds and large institutions have $15.5B invested in Steel Dynamics in 2025 Q3 according to their latest regulatory filings, with 91 funds opening new positions, 262 increasing their positions, 319 reducing their positions, and 88 closing their positions.
47% more call options, than puts
Call options by funds: $223M | Put options by funds: $151M
3% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 88
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less funds holding
Funds holding: 817 → 807 (-10)
4.36% less ownership
Funds ownership: 80.17% → 75.81% (-4.4%)
18% less repeat investments, than reductions
Existing positions increased: 262 | Existing positions reduced: 319
50% less capital inflows, than outflows
Capital inflows: $948M | Capital outflows: $1.89B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$95M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$50.4M |
| 3 |
Morgan Stanley
New York
|
+$44.8M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$43.7M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$43.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$471M |
| 2 |
Pentwater Capital Management
Naples,
Florida
|
-$80.1M |
| 3 |
JP Morgan Chase
New York
|
-$73.3M |
| 4 |
Goldman Sachs
New York
|
-$54.5M |
| 5 |
AssetMark Inc
Concord,
California
|
-$49.8M |
STLD Hedge Fund Activity: Q3 2025 in Review
807 of the 7,650 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q3 2025, worth a combined $15.5B — up 2% from $15.2B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new STLD positions and 88 closed out — a net gain of 3 holders — while 262 added to existing stakes and 319 trimmed.
The largest buyer was Boston Partners, opening a new position worth an estimated $95M. The largest seller was T. Rowe Price Associates, cutting an estimated $471M.
- 807 institutional investors held Steel Dynamics (STLD) as of Q3 2025, down from 817 in Q2 2025.
- Funds reported $15.5B of Steel Dynamics stock for Q3 2025, up 2% quarter-over-quarter.
- 91 funds opened new Steel Dynamics positions in Q3 2025 and 88 closed out, a net change of +3 holders.
- The largest Steel Dynamics buyer in Q3 2025 was Boston Partners, an estimated $95M added.
- The largest Steel Dynamics seller in Q3 2025 was T. Rowe Price Associates, an estimated $471M sold.
Based on aggregated 13F filings for Q3 2025.